Mercmut Leaps 79% As Markets Pick Up

The insurance and financial services group Mercantile Mutual benefited strongly from the fall in bond rates and the firmer equity market in the six months to 31 March. Mercantile yesterday reported an interim 79 per cent lift in after- tax profit of $27.8 million, comprising $27.3 million from it

Mercmut On Track With 80pc Lift

Insurance and financial services group Mercantile Mutual - now part of the ING Group which recently picked up gutted UK investment bank Barings - bounced back with an 80 per cent lift in after-tax profit to $27.8 million in the six months ended March 31, due to good performances in both investment